Application Specific Integrated Circuits Market Forecasts to 2028 – Global Analysis By Product Type (Full Custom Design ASIC, Semi-Custom Design ASIC), Application (IT & Telecommunication, Industrial), and By Geography
According to Stratistics MRC, the Global Application Specific Integrated Circuits Market is accounted for $14.91 billion in 2020 and is expected to reach $24.68 billion by 2028 growing at a CAGR of 6.5% during the forecast period. Rising demand in the consumer electronics sector owing to the energy efficient solutions and low cost of implementation are the major factors propelling the market growth. However, high price of producing customised circuits is hampering the market growth.
Application specific integrated circuits are defined as microchips which are designed for specific applications within an electronics device. It is an optimal replacement for the traditional FPGA (Field-Programmable Gate Array) due to their high performance and low power consumption. In addition, it has high acceptance in manufacturing of flat panel displays such as global positioning system. Its features such as compact size, lightweight, affordability, high-bandwidth and a better battery life ensure its use in a wide array of applications.
Based on product type, the semi-custom design ASIC segment is estimated to have a lucrative growth due to its low complexity and a wide scope of applications as compared to other segments. The semi-custom ASIC is further bifurcated into two sub-segments, including cell based and array based.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the increasing demand for energy-efficient devices along with the rising penetration of smartphones in the region. Developing economies such as China, Japan, and India are also supporting market growth due to various factors such as growing digitization, growing penetration of high-tech gadgets, advancement of automotive electronics, and increased need for miniaturization.
Some of the key players profiled in the Application Specific Integrated Circuits Market include Analog Devices, Inc, Broadcom, Comport Data, FUJITSU, Infineon Technologies AG, Intel Corporation, Maxim Integrated Products Inc, NXP Semiconductors N.V, OmniVision Technologies, Inc, ON Semiconductor, Qualcomm, Inc, Renesas Electronics Corporation, Samsung Electronics, STMicroelectronics N.V, and Texas Instruments Inc.
Product Types Covered:
• Full Custom Design ASIC
• Programmable ASIC
• Semi-Custom Design ASIC
• IT & Telecommunication
• Consumer Electronics
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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